Risk Management Specialization Overview

CFI’s Risk Management Specialization builds practical skills to identify, assess, and manage risks in financial institutions. Starting with core risk management principles, the program covers credit, market, and operational risks, along with regulatory compliance and control evaluation. Advanced topics include stress testing, scenario modeling, and Environmental, Social, and Governance (ESG) risk.

This hands-on curriculum prepares you to create effective risk strategies and frameworks, equipping you to navigate complex risk environments across industries and regulatory environments.

What's in the Risk Management Specialization?

18 courses

Consisting of 911 lessons

80+ interactive exercises

Learn by doing with guided simulations

Blockchain certificate

To verify your skills

500,000+ 5-star ratings

Best-in-class training, as rated by you

Earning Your Certificate in Risk Management

Step 1.

Prerequisite Courses

Choose from 7 optional courses to learn or review the fundamentals.

See All Prep Courses

Step 2.

Core Courses

Complete 9 required core courses to build your skill set in Risk Management.

Introduction to Risk Management

4.9 (92 Ratings)

1h 7min

Basel III and Risk Management

4.8 (5 Ratings)

2h 56min

Operational Risk Management in Banks

4.8 (5 Ratings)

1h 15min

Market Risk Fundamentals

4.9 (7 Ratings)

1h 26min

Historical VaR for Market Risk

5 (4 Ratings)

2h 15min

Credit and Counterparty Credit Risk

5 (2 Ratings)

1h 14min

ESG Risk Management

4.9 (8 Ratings)

1h 19min

Cybersecurity and RegTech Fundamentals

4.8 (5 Ratings)

1h 4min

Compliance Risk Management

4.9 (9 Ratings)

40min

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Step 3.

Elective Courses

Complete 2 electives to master more advanced topics and specialized areas.

See All Elective Courses

Skills & Learning Objectives in Risk Management.

Risk Identification

Identify and classify risks faced by financial institutions, including credit, market, operational, and compliance risks.
Understand internal and external factors contributing to risk exposure, and recognize emerging risks in today’s financial landscape.
Establish a structured approach to risk identification for thorough assessments across scenarios.

Risk Measurement

Regulatory Analysis

Risk Mitigation

Meet Your Instructors

Ryan Spendelow

Ryan joins CFI having spent over a decade designing and delivering training solutions for the investment banking and investment management industries around the globe. Based in London, Ryan is experienced at creating innovative training solutions that deconstruct complex products and ideas into simple to understand concepts.

Noah Miller

Noah Miller is the Co-Founder and Chief Advisory Officer at Rho Impact, a North-American Based ESG advisory and software company. He has been CFI's ESG subject matter expert since 2020. Noah has held a variety of roles in the ESG space, ranging from consulting practice leader to fractional director for multiple public and private companies to a board advisor.

Glenn Hopper

Glenn is a technology-minded CFO with more than two decades of experience in finance and accounting leadership. He is a consultant and author who writes about the intersection of artificial intelligence and corporate finance. His book, Deep Finance: Corporate Finance in the Information Age, provides a digital transformation roadmap for businesses to follow to become data-driven organizations. His expertise spans financial leadership and strategy, finance automation, data science, and operational efficiency. Glenn has a master's in finance from Harvard University with a graduate certificate in business analytics, and an MBA from Regis University.

Dr. Tonisha Pinckney

Dr. Tonisha is a distinguished consultant who’s directed Fortune 500 institutions in forensic accounting, fraud examination, and organizational risk management, with a specialized focus on ethics and regulatory compliance.

Careers in Risk Management

Market Risk Analyst

Applies quantitative methods like VaR and scenario analysis to monitor market risk, maintaining stability in volatile financial markets.
Complaince Officer

Monitors regulatory adherence, mitigating legal and reputational risks through regulatory analysis.
Credit Risk Analyst

Assesses borrower creditworthiness and counterparty risks, using risk measurement techniques to reduce potential losses from defaults.
Risk Consultant

Guides organizations in risk identification, measurement, and mitigation to enhance risk management frameworks.
Enterprise Risk Analyst

Evaluates risks across business areas, implementing strategies to protect against operational, market, and regulatory risks.
Internal Audit

Reviews risk management processes and internal controls to ensure compliance and minimize financial and operational risks.

Risk Management Graduates Work in Leading Organizations

What Our Members Say

FMVA certification is challenging, robust and interesting that equips an accounting/finance professional with world-class skills set to advance their careers excel in their endeavors!

Adrian Young

This course was very detailed and structured. I would definitely recommend this Certification for any budding Financial Analyst.

Anirudh Ganeshan

I believe the program fully performs what it promises, bridging the gap between work and higher education. For me it means an added value that I cannot describe in words. The program focuses on technical knowledge, which is highly valued since, on average, a student only learns theory before starting work.

Benjamin Briner

Strongly recommend to everyone who wants to receive new careers opportunities and enhance their knowledge in finance. CFI FMVA is perfect opportunity for everyone to obtain neccessary and strong background in financial modeling and valuation of companies. CFI helped me a lot with providing a financial aid and now my profile as a finance specialist is much more attractive and I receive additional confidence in my valuation skills. Thanks to everybody in the CFI team for creating such brilliant courses.

Alexandr Palienko

The resources are very educational and will go a long way not only for me but also for our colleagues in the energy regulatory agency. I appreciate very much the CFI material!

Arthur Evangelista, Chairman, Grid Management Committee Inc.

Big thank you to Tim Vipond for this incredible course. After much hard work, I now possess valuable financial modeling capabilities such as building discounted cash flow models, building dynamically linked 3-statement models, and building multi-year forecasts to project income statements, cash flows, and balance sheets into the future. In addition, I can draw upon multiple methods of financial and valuation analysis (including ratio analysis, scenario analysis, sensitivity analysis, accretion/dilution analysis, comparable company analysis, precedent transactions, and discounted cash flow analysis) in order to assess the risks and rewards of investment opportunities.

Brandon J. Casamassima, Investment Analyst

Highly recommend the FMVA to everyone including people already in relevant careers who want to maximize their productivity or finance undergrads before they start their IB internships and want to make an impression.

Rahul Chanda

This is a no-brainer for anyone still using their mouse in Excel.

Shakil Kassam

I am honored to be amongst the other certified holders and I am excited to put into practice the many things I learnt from this program.

Laverne Hutchinson

This experience has refined the way I build my financial models, with the added bonus of learning how to apply scenario and sensitivity analysis to answer what if questions.

Laverne Hutchinson

Someone with no finance or accounting background can take this program and will not have any difficulties grasping the concepts.

Comfort Dufie

The skills are actual real-world skills (unlike most financial qualifications) that have already helped me land a new role.

Mark Wheeler

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Anthony Santillanes

The FMVA program is the best professional certification course I have ever done. The course is hands on experience with relevant industry examples.

Ajiboye Afeez

CFI’s FMVA is the epitome of practical financial analysis and with it, you do not need years of practice to know the content. You are fully baked by the time you finish the course.

David Kamenya

Frequently Asked Questions

If you haven’t found your answer from our FAQ, please send us a message.

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Are CFI courses accredited?

CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, and by the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the US for CPE credits. You can find more information here.

Will these courses help me advance my career?

Reviews from learners who have taken CFI courses and the FMVA® certification program include numerous stories about how people have been able to advance their careers. There is a proven track record of CFI graduates marking successful transitions into the careers of their dreams and this is based largely on the resources that we make available to our learners upon enrolment. Our training is designed to be fully practical and simulates the experience of being trained as a professional financial analyst. Additionally, we offer a wealth of information through our free career resources. The unique blend of all these elements is what sets us apart from other e-learning platforms when it comes to giving you all the tools you need to create a successful career in finance.

Admission Requirements

All of our certification programs are open to learners and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to the advanced practical case studies. To take the courses and complete the exercises, learners will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection.

What is the duration of the program?

It takes an average of 4-6 weeks to complete the entire program. However, you are given the freedom to complete all of the training at your own pace!

How much time do I have to complete the courses?

Take as much time as you need. You will have access to all courses and all future upgrades in your subscription. You can review the video lessons as many times as you like and complete the courses at a pace that is most convenient for you.

How are the exams conducted?

Learners are required to complete an online assessment (MCQ’s, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams at your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need.

Can I email the instructor if I have questions regarding the learning materials?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function which allows you to communicate directly with in-house experts in the area of study you are focusing on. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle.

Can I download and edit the course material and templates?

Yes! You can download and edit the Excel models and templates included in your courses. All of the files needed in a course are available for download. Please note that while our study materials can be downloaded, the lecture videos are only available online due to copyright infringement issues.

How do I earn my certificates?

You need to complete all the video lessons, quizzes, and final assessments in each course to earn your course certificates. The certificate will then be available on your learner dashboard and also emailed to you as soon as you have completed all of the requirements.

How long does it take to receive my digital FMVA certification?

As soon as you complete the program! After completing the FMVA® program course requirements and passing the final exam, you can immediately request your digital FMVA® certificate to be emailed to you by submitting your completed program through your learner dashboard.

Can I take more than 3 electives?

Take as many electives as you would like — all our content is available to you in your CFI subscription.

What currency are your courses priced in?

All of our online courses and programs are priced in USD.

What payment methods do you accept?

As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express. Additionally, We also offer ACH and Wire transfer options exclusively for corporate transactions, though not available for self-service payment. Contact our team for more details.

Are there any additional fees or costs?

None! The program tuition includes everything and there are no additional fees required to earn your digital certification.

Risk Management Specialization